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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Philomath at 24321 Columbine Dr, Philomath, OR, 97370 offers a 10.53% rental yield on a $580,000 purchase with $5,088/mo rent. Total monthly income registers $5,088/mo, and a $2,839/mo payment leaves $1,587/mo available for distribution. Annual cash flow reaches $19,042/yr on $190,820 to close, and return on cash invested stands at 30.04% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 156.93% and total cumulative return in cash at $299,445. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,088/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
7.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 2,776 (69.4%) |
| Renter Occupied HU | 1,070 (26.7%) |
| Vacant Housing Units | 155 ( 3.9%) |
| Median Home Value | $537,267 |
| Average Home Value | $568,482 |
Residential
3,745
Single Family
3,311
Multi-Family
434
Businesses
330
Date | Event | Price |
|---|---|---|
| 2025-05-07 | Listed for sale | $580,000 |
| 2025-02-25 | Listing removed | $680,000 |
| 2024-12-13 | Price change | $680,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-05-08 | $501.64 | N/A | $33,405 | 3.00% |
| 2018-05-08 | $501.64 | 1.95% | $32,432 | 3.00% |
| 2017-05-08 | $492.05 | -2.09% | $31,487 | 3.00% |
Listed by: GREG MESSICK • Realtynet
Mls Name: WVMLS
Mls Provider:
Mls ID: #828643
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
